Random Rants and All the Other Goodies

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I am getting better with this flu. The sudden change in weather always gets me sick and it's happened again. So my 3 hard days in bed has eventually become a 5 day holiday for me. Well, I thought it was the cold but it was a bad flu. I couldn't breath well so I was sucking on Vicks Cold Drops all day today.

Still, my market addiction kept me up in during market hours. I've managed to update my handwritten daily, weekly and monthly charts. I get a peace of mind when I finish my daily routines and I can get to sleep comfortably. Also, it gave me time to finish my adaptive MACD system which I plan on using from Monday. Also, I've started to work on my Gann Analysis based system.

This is what I've been thinking of for quite some time. It is a complicating task. Even though the routine is set for me, quantifying with If's, For's, and While's are a tedious work. I've tried a while back but Arraying 40 years of Date, Time and Values caused the computer to lag. At the end I had about 48 arrays of data I had to have. Each relating each value with each. While working for the adaptive criterias, I've figured a easier way to keep the data and I'm gonna try fixing things up. I think it'll look like Advanced GET at first but it'll help me backtest some Gann concepts.

Even though I was sick my ass off these few days, taking "some" time off from the computer and taking a break from trading has benefitted me as a trader. If I knew I'll be off for 5 days, I should have planned a trip to Miami and rest down there!!!

Sheesh...

Have a nice weekend!!!
 
I'm feeling better and wanna update starting with my weekend journal. First thing I want to write about is a response to some whiners and flamers in ET. I've been through this with another thread before but I'll cover it again because it seems to me that, it's something a new traders need to understand within themselves before starting anything.

Well.... I'm proud to say that I'm a self-reliant and self-taught trader from the start. I didn't have any traders around me to start off with. I learned all the required knowledge from publications and gained most required perspective from a lot of thinking.

Speedreading helped along the way. First, I was able to read material at a very past pace. Still, that made my learning curve faster but also steeper within a given time. Still, it gave me time to reflect, analyze and think about what I've read. The increase in speed was a very slow and gradual process so it wasn't really much of a problem.

Going through Gann help me a lot. Towards the beginning, I had no idea what he was talking about but I took a step forward and asked, "How did he use this?", "What made him create this?", and "Why did he write this?". This led to studying electronics, mathematics, physics, natural science, and etc.. This is so that I can put myself to derive what he was thinking of when he created those methods. That helped me understand the Law of Vibration that he mentions and everything just started by itself from there with Gann.

Along the way, I started studying about technical indicators. John Murphy's book was the first book I bought about the subject. At first, it didn't hit me so well but when I was working on Gann, I've noticed that his analysis and trading methods were a separate matter. So I started looking at his mechanical trading methods and his trading rules. During that time, market wizard had mentioned about Turtle trading and found that it's open to the the public. I bought it and compared the Gann Mechanical and Turtle trading and found that Turtle systems were a lot more sophisticated.

Myself as a system trader started there. We bought Tradestation and tried the Turtle system. Then I started coding other technical analysis and started studying for them. I went through publications and grasped ideas about system trading. I started getting into C/C++ to overcome the limitations of Tradestation and got a lot out of it for the UML and OOP concepts while coding trading systems.

At that point, I was a knowledgable trader and confident. Then I started meeting other traders. Professionally, I started at a prop firm, and entered as a trader trainee, at that point I was desperate to get into the business. They had no idea about trading and didn't know most of what I was talking about. Still, as my trainer, they tried to mold me into something that they can keep me under their ego. I quit in 3 month and started working for another firm. There, I met good traders and I finally felt at home letting me do my thing. I've been profitable since then.

Well, I've built my base without other traders training me. I didn't seek for traders having to teach me how to trade, it wasn't something I could have considered. I've helped myself on my own, only with books and a computer.

I hope that some of you get real and start doing something on your own and stop blaming others for your lack of skills as a trader. If you still whine and disagree with what I say, you're better off not trading. A reliant and dependent person cannot make it as a trader. Going into prop. firms for lack of trading capital is very much fine but going in there and expect them to make you a trader is just plain idiotic.

Some reality check for some guys....
 
great post Gann. Please post what time it took from the start to point of consistent profitability. I bet many readers might think you're talking about 6 months or something:cool:
 
I just heard Robert Krausz passed away.

I've never met the guy or went through his material but as fellow Natural Order kinda trader.

All the best wishes to his family and friends.
 
I didn't have anything to write about so I didn't write yesterday. I don't have anything to write about today as of yet so I'm just typing through to get my flow of words going.... Hmmm...

OK, I'm going to write about flowing in the market. Like right now, I start typing and try to come up with something to write about. So I guess I'll write about my daily pre-market routines.

First, I read a book to get in sync with the market. The book that I'm reading right now is "C for Dummies". Weird but it's true. For some reason, it makes my head cleared up with all the things I have to do when the market starts. The book previous to that was the 1st Market Wizard but I wanted to try something new.

I also need to have a coffee next to me at "ALL" times. If I don't have coffee, I'm probably going to kill myself while trading. Personally, I like the Colombian Dark Roast with a drop of a icecube in it because I don't like my coffee too hot like Starbucks. I actually thought about having a coffee maker next to me but I'm kinda scared of spilling the coffee on the keyboard so I haven't done so.

I usually check my E-mails and surf around the net for about 15 min. I just check what's happened in the European market and just skim through some websites (no not porn) to see what's happening. I come here occasionally but I don't really read other's journals.

Then I just setup my trading computer and charts to make sure they work fine then I grab my notes from last night's daily prep., put what I can in the computer and the place notes next to me and I just daydream (meditate and image but mostly daydream) what I can expect from the market today and what I will exactly do.

I usually do my mental imaging with my eyes open and act out some of the things I would do... pretending to punch in a order on the keyboard and pretending the market crashed against me and putting orders in fast and so forth. I'm sure I look like a freak playing a air-piano(not air-guitar) on my chair looking in the air.

Well, I do that until 2 min. prior to the market open and start looking at the quote machine and ready to go.
 
Originally posted by daniel_m
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i think pretty much all speed reading books are the same. the most important thing to do is practice. only way you'll get good at it. (no surprise there huh!)
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Almost any book store will have a dozen different books on the subject as well as the your local Library.
You can also by courses but any of the pocket books for a few bucks will explain about the bad reading habits most us have, like saying the words in our heads as we read, which slows you down to no faster than you can talk. Once you have a few hints of things to correct, it's all, as daniel said, practice, practice practice.
 
Well, I've been out of ET for a few weeks, now and I think I'll start posting again.

I've been burnt out with most of the stuff written in here with all the skepticism, negativity, and narrow-minded-ness.

Most of the posts in my thread is very narrow-minded. It seems like people look at my "secret" of success as my speed reading skill. That is simply wrong. What is it? Hard work but different from most of the unsuccessful people in here.

Most of the people work hard. Still, working hard without a direction just doesn't take you anywhere. Most of the people here are just working hard to pick a direction and/or to keep themselves standing up.

So I've decided to help other traders in that sense. Maybe I can use the knowledge I have now to help them find a direction. I'm not Van Tharp or other trading shinks but that maybe something I can do without having to burn myself out.

Why the revelation? I saw a trader, who's a friend of mine, find his own comfortable style. He started growing and improving on his own and he seems to enjoy building himself.
 
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